Possibilities are endless here! Imagine owning 2.77 treed Acres ONE MINUTE from Sylvan Lake! Little taste of HISTORY here - this is the OLD SYLVAN LAKE SCHOOL! With Highway Frontage & Zoned FD (Future Designation District) - meaning (with town approval) you could have this be a great revenue property, a gas station, restaurant, school, shop, home business, or just your new home - let your imagination take the wheel. This amazing property is located on Highway 11A and features a historic 2 storey building, a 24x24 Heated Garage, a beautiful fireplace/BBQ, multiple sheds, firepit area, greenhouse, and lots of room for future development. The home is very structurally sound with 3 bedrooms, 2 bathrooms, 2 living rooms, fireplace, wood burning stove & a bar - great for entertaining. The family room is a great size with a cozy wood burning fireplace and a corner bar to enjoy time spent with family & friends. Venture up a few stairs to the spacious kitchen with ancient appliances, a great sized living room with bright windows, a bedroom and a 3pc bathroom. The top level features some storage space, 2 bedrooms, a 3 pc ensuite with funky wallpaper and a soaker tub that came from the Banff Springs Hotel. Outside there are 4 separate breakers, 3 separate waterers and power to the greenhouse. There are currently tenants who want to stay. Enjoy sitting around the beautiful stone fireplace/BBQ right outside the back door year round. Possibilities are endless at this property with the most convenient location for any business owner or home owner.